MC -- I guess what I'm saying is kinda pointless, anyway, but to me, I think it's as likely that the SPX is up 10 tomorrow as it is that we're down to hit your 1259 minimum target. I just don't see anything on any timeframe, really, that gives clarity or even points strongly to down right now, even wiggle-wise. I know you're bullllllish, but I was just going back to Shack's point that this type of move is often only countable after the fact and that in the midst of it, well... we can just keep going up.
Then again, it's not like you're making big trading decisions based on a 20 point SPX range or anything, so I realize that this is academic. Still, since I know that your count will get hurt with more up here, I wonder if you're not trying harder to find the "down" version that is truly warranted!
Who knows, maybe it's all about AAPL's earnings. Or EBay's (which has already been down a buck AND up a buck in AH trading). (EDIT: And if it is dependent on AAPL, which is up over 4 in AH as I type, then your count is gonna be out the window early tomorrow) |
